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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What did going public do to Sam's family?
(a) It made the children into stars.
(b) It caused the family to fall apart.
(c) It created an unhealthy living environment.
(d) It caused the world to invade their private lives.

2. Sam wants to organize everything and make it ____________.
(a) More financially solvent.
(b) More exciting.
(c) Better and more efficient.
(d) Better for him.

3. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
(a) Conservative.
(b) Oddity.
(c) Liberal.
(d) Maverick.

4. After he and Helen marry, Sam aims to build his family financial structure similar to ____________.
(a) How the Robsons created their family fortune.
(b) How other wealthy men had built their fortunes.
(c) How his father had created their family fortune.
(d) How his boss created his fortune.

5. Sam believes that he was over-blessed with the traits of ____________.
(a) Understanding and empathy.
(b) Ambition and drive.
(c) Love and kindness.
(d) Pride and jealousy.

6. It is due to _________ that the company has been able to outperform the competition?
(a) The managers.
(b) The associates.
(c) The executives.
(d) The Walton family members.

7. Do Sam's kids feel as though Sam was not around during their childhood?
(a) Yes.
(b) No.
(c) Sometimes.
(d) Often.

8. What does Sam do after he establishes a Wal-Mart on the boundaries of big cities?
(a) He watches as the communities grow to meet the store.
(b) He hopes that those in the cities come out to his store.
(c) He watches the competition disappear.
(d) He moves onto other cities.

9. What did Sam have to do when the family was on vacation?
(a) He had to check out stores along the way.
(b) He had to deal with harrassing competition.
(c) He had to promote his company.
(d) He had to forget about work.

10. Why does Sam realize he must get a career job and accepts a job from JC Penney?
(a) He cannot afford to go to Harvard Law.
(b) He needs money.
(c) He cannot afford to go to Wharton School of Finance in Pennsylvania.
(d) He no longer wants to continue going to school.

11. What kind of farm does Sam's family have?
(a) A dairy farm.
(b) A turkey farm.
(c) A chicken farm.
(d) An apple farm.

12. Sam has the personality of _______________.
(a) Santa Claus.
(b) A promoter.
(c) A task master.
(d) A clown.

13. What is Ferold Arend's position prior to coming to Wal-Mart?
(a) He is head of merchandise for the whole Midwest for a variety chain store.
(b) He is a cashier at a Midwest variety chain store.
(c) He is the owner of a Midwest variety chain store.
(d) He is president of a Midwest variety chain store.

14. Ever since Sam took out his first bank loan, he has not been comfortable or happy with ___________.
(a) Spending.
(b) Money.
(c) Banks.
(d) Debt.

15. Sam says by making sure the customers are treated well, what will be the result?
(a) People will like him.
(b) His competition will give up.
(c) Everything else will work out well for the company.
(d) He will make money.

Short Answer Questions

1. Although there have been a number of changes in the Wal-Mart industry over the years, the Walton family still collectively owns __________ of their own business, which is rare for a major corporation.

2. What does Sam do everywhere he travels?

3. Sam finds a store in Bentonville, but almost does not get the business. Why?

4. Helen had to help Sam sign the notes to secure all the money and by the time it was ready, what had happened?

5. Sam describes Phil as a man who not only likes to swim upstream but also that he likes to do it __________.

(see the answer keys)

This section contains 668 words (approx. 3 pages at 300 words per page) View a FREE sample